Forex Technical Analysis & Forecast 08.10.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, USDCAD, GOLD, BRENT, BTCUSD)
EURUSD, “Euro vs US Dollar”
EURUSD attempted to expand the consolidation range to the upside, but failed and rebounded from 1.0998 instead; right now, it is consolidating around 1.0976. Possibly, today the pair may move to the downside to break 1.0960 and then continue trading inside the downtrend with the target at 1.0945. Later, the market may start a new growth to return to 1.0976.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is moving downwards. Today, the pair may reach 1.2276 and then form one more ascending structure towards 1.2310 or even a new correction to reach 1.2340. After that, the instrument may continue trading downwards with the predicted target at 1.2197.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is consolidating around 0.9945. According to the main scenario, the price is expected to start a new growth with the predicted target at 0.9985.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is moving upwards. Possibly, today the pair may reach 107.55. Later, the market may start a new correction towards 107.12 and then form one more ascending structure with the predicted target at 108.15.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD has finished the correction. Today, the pair may grow to break 0.6752 and then continue trading upwards with the target at 0.6794.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB has reached 64.97. Possibly, the pair may move upwards with the target at 65.05. Later, the market may form a new descending structure towards the first target at 64.40.
USDCAD, “US Dollar vs Canadian Dollar”
USDCAD is moving downwards. Possibly, the pair may continue the correction. Today, the price may reach 1.3277 and then grow towards 1.3310. After that, the instrument may form a new descending structure to complete the correction at 1.3273. Later, the market may start another growth with the target at 1.3320.
XAUUSD, “Gold vs US Dollar”
Gold has broken 1495.70 to the downside. Today, the pair may test this level from below and then resume trading downwards with the predicted target at 1478.55.
BRENT
Brent is consolidating around 59.10. Possibly, the pair may fall to reach 58.20 and then form one more ascending structure to break 59.95. After that, the instrument may continue trading upwards with the target at 61.60.
BTCUSD, “Bitcoin vs US Dollar”
After reaching 8125.00 and forming the consolidation range around it, BTCUSD has broken the range upwards to expand it. Possibly, the price may continue growing towards 8540.00. Today, the pair may return to test 8125.00 from above. If later the price grows to break 8295.00 upwards, the instrument may continue trading upwards with the target at 8540.00.
